Goldman Sachs Group Inc. started coverage on shares of Wolseley plc (LON:WOS) in a research report released on Tuesday. The brokerage issued a neutral rating and a GBX 4,600 ($60.04) price objective on the stock.
Several other equities research analysts have also recently weighed in on the stock. Credit Suisse Group AG reaffirmed an outperform rating and set a GBX 4,600 ($60.04) price objective on shares of Wolseley plc in a research report on Wednesday, July 27th. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 4,400 ($57.43) target price on shares of Wolseley plc in a research note on Tuesday, September 20th. Canaccord Genuity reissued a hold rating and set a GBX 4,340 ($56.65) target price on shares of Wolseley plc in a research note on Tuesday, September 27th. Jefferies Group downgraded Wolseley plc to a hold rating and boosted their target price for the stock from GBX 3,980 ($51.95) to GBX 4,180 ($54.56) in a research note on Friday, August 5th. Finally, Peel Hunt boosted their target price on Wolseley plc from GBX 3,890 ($50.78) to GBX 4,075 ($53.19) and gave the stock a hold rating in a research note on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. Wolseley plc presently has a consensus rating of Hold and an average target price of GBX 4,280.18 ($55.87).
Wolseley plc (LON:WOS) opened at 4530.373 on Tuesday. The company’s 50-day moving average is GBX 4,362.86 and its 200 day moving average is GBX 4,048.53. Wolseley plc has a 1-year low of GBX 3,214.00 and a 1-year high of GBX 4,569.00. The company’s market cap is GBX 11.48 billion.
The company also recently announced a dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be issued a GBX 66.72 ($0.87) dividend. This is a boost from Wolseley plc’s previous dividend of $33.28. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 27th.
In related news, insider Shoylekov,Richard sold 352 shares of the stock in a transaction on Monday, July 18th. The stock was sold at an average price of GBX 4,093 ($53.43), for a total value of £14,407.36 ($18,806.11).
Wolseley plc Company Profile
Wolseley plc is a Switzerland-based specialist trade distributor of plumbing and heating products and building materials in North America, the United Kingdom and Continental Europe. The Company operates in seven segments: USA, UK, Canada, Nordic, France, Central and Eastern Europe, and Group. The Group has a network of distribution centers which serve branches for its plumbing and heating businesses with 2,917 branches across 11 countries.
Receive News & Ratings for Wolseley plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolseley plc and related companies with MarketBeat.com's FREE daily email newsletter.